The Hub: News & Events for October 7, 2019

View this email in your browser October 7, 2019   Central 1 News B.C. Economic Briefing • Resources drive plunge in goods exports • Population growth climbs at moderate pace driven by international inflows • Lower Mainland home sales head back to normal, market conditions stabilizing Ontario Economic Briefing • Ontario's population up by over 82,000 net new residents to 14.6 million in the second quarter • Weaker production of motor vehicles and parts brings down the overall motor vehicle and parts manufacturing in July • Tourists spent a larger chunk of their money on accommodations and transportation costs in the second quarter over the first quarter of 2019 • Exports remained nearly unchanged in August after very robust growth in July • Toronto's existing home prices moved up only 1.2 per cent in September  CMHC Advisory: Increase to Large Borrower Threshold for Multi-Unit Residential Properties - login required  We have updated the large borrower threshold to $75 million, from $50 million. This is reflected in section 4.3.1 in Part 2 of The Handbook for CMHC Approved Lenders Insurance Initiation – Multi-Unit Residential Properties (5+ units).    Central 1 Events   October 28-29, 2019 PeopleFocus 2019 Coast Coal Harbour Hotel, Vancouver November 12, 2019 Ottawa Contact Meeting 319 McRae Ave, Unit 1, Ottawa, Save the date   November 13, 2019 London Contact Meeting Four Points by Sheraton, London Save the date   November 14, 2019 Toronto Contact Meeting Sheraton Toronto Airport Hotel & Conference Centre Save the date     Industry News Credit Union News SASCU Invites Community to Celebrate Credit Union Day® (Press Release) Economics TSX dips on trade anxiety; Hexo drops after CFO exits (Reuters) Industry News HSBC set to reduce workforce by 10,000 jobs, sources say (Financial Post) The wage gap is shrinking: Women earned 87 cents for every dollar earned by men in 2018 (CBC) Technology PayPal pulls out of association for Facebook's Libra cryptocurrency (CNN) Bitcoin Recovers From Below $8,000 as Traders Look for Support (Bloomberg) Industry Events October 21-22, 2019 Everlink Connections 2019 Hilton Toronto October 22, 2019 Invest with Impact- PRMIA and CAIA SFU Segel Building Vancouver, BC December 3, 2019 Annual Credit Union Forum & Holiday Luncheon Liuna Station Hamilton, ON Have some credit union news or events? To submit items email newslist@central1.com *please include an URL to the requested item Copyright © 2018 Central 1 Credit Union, All rights reserved. Unsubscribe from The Hub The Hub is brought to you by Member & External Communications. Questions or feedback regarding The Hub? Email communications@central1.com. Unsubscribe from all commercial messages from Central 1  Please note: this option will remove you from all future Central 1 communications. Should this message not be applicable to you, we encourage you to unsubscribe from this list only.

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